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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (35544)	3/11/2007 4:35:56 PM
From: maxncompany	Respond to of 78416

People are looking at Ni and thinking $20 is not sustainable and we are soon due for a nasty 50% correction that will wipe out foolish longs. I've seen more than a couple people suggest that on SI alone. And they may be right. But I would throw out there as food for thought..............moly. Moly ran all the way up to $40 +, before correcting and settling in at the current $28 area. And moly spent quite a few years around $4, did it not? Keeping that in mind, and based on what producers have recently said about their 2007 outlook for Ni prices, and that Ni had to be slowed down in 2006 by an LME rule change made for the purpose of keeping Ni shorts from being wiped out...................I do not assume $20 Ni to be too high. It may prove to be so, but I don't see the preponderance of evidence saying so.

To: marcos who wrote (35544)	3/11/2007 4:48:38 PM
From: koan	Read Replies (1) \| Respond to of 78416

I like that marcos. If/when RNg wts move above the price of BWR wts, I will start moving some RNG wts to BWR wts and onepaths DIB, LTH and a few other zinc plays. I pretty much agree with your ideas marcos. But I feel there is one more possibility re ni. The demand could possibly establish a floor above $20 or even $30 a lb for a few years, maybe for good, in which case we could get the kind of profits seen in 1964 silver and 1980 gold and silver. I do not want to miss that possibility. Remember: Norilsk, sudbury and New Caladonia-that is about it for large amounts of nickel (70% of world supply). so over the next few years where does the nickel come from not only for stainless steel but nickel cadmium batteries for hybrid cars and the .05% nickel being used in the new super pipes?? Not to mention a zillion new nickle alloys.